Nutrafol strikes into ‘subsequent chapter of development’: Giorgos Tsetis steps into Chairman function as Cindy Gustafson turns into CEO
Nutrafol is present process a management transition because it enters its “subsequent chapter of development.” Founder Giorgos Tsetis, who has led the corporate since its inception in 2016, will step into the function of Nutrafol Chairman and Strategic Advisor to Unilever Wellbeing beginning January 1, 2025. Cindy Gustafson, presently serving as Nutrafol’s Chief Advertising and marketing Officer, will succeed Tsetis as CEO.
Below Tsetis’ management, Nutrafol has redefined the hair wellness area, destigmatizing hair thinning by a clinically-backed, whole-body strategy. In keeping with the corporate’s press announcement, the model has achieved outstanding development metrics since its acquisition by Unilever for roughly $1.2 billion in 2021.
Up to now two years alone, Nutrafol has tripled its development, with 2023 exhibiting 40% year-over-year (YoY) income will increase and a 70% enhance in revenue {dollars}, and shopper curiosity has surged, evidenced by a 76% YoY rise in direct site visitors to Nutrafol.com.
Cindy Gustafson brings intensive expertise to her new function, together with over twenty years of selling management for international manufacturers, equivalent to her tenure as International CMO at WW Worldwide (previously Weight Watchers). The discharge reported that her management is poised to proceed Nutrafol’s mission of offering progressive, holistic options for hair well being.
Andrew Stanleick joins Kenvue to steer ‘strategic course of iconic portfolio of manufacturers’
Kenvue Inc. has appointed Andrew Stanleick as President of Pores and skin Well being & Magnificence for North America, Europe, the Center East, and Africa. In his new function, Stanleick will oversee the strategic course of Kenvue’s famend manufacturers, together with Neutrogena, Aveeno, and OGX, in these crucial markets.
“Andrew brings a confirmed observe report of success and deep trade data to strengthen the expansion trajectory of our Pores and skin Well being & Magnificence phase in key markets,” mentioned Charmaine England, Chief Development Officer at Kenvue, in a media assertion.
Stanleick expressed enthusiasm for his new function, stating, “I sit up for serving to these manufacturers attain extra shoppers in new methods in 2025 and past.”
Stanleick joins Kenvue with greater than 20 years of expertise driving worthwhile development and transformation within the magnificence and pores and skin well being sectors. Most not too long ago, he served as President and CEO of BeautyHealth Firm, the place he led the corporate to profitability inside a 12 months, attaining over 50% income development and increasing its international presence.
His earlier roles embody government management at Coty, Coach Inc., Unilever, and L’Oréal, the place he spearheaded profitable model turnarounds and class improvements.
Viral skincare model Dieux welcomes Ryan Scott as CEO to ‘problem the wonder trade’s norms’ and drive development
In October 2024, Dieux appointed Ryan Scott as its new Chief Govt Officer. Scott, previously the President and Chief Folks Officer at Tatcha, brings over 20 years of magnificence trade experience to his function to information Dieux’s subsequent section of development whereas staying true to its mission of innovation and accountability.
“Ryan’s deep understanding of cross-functional collaboration between innovation, industrial, and artistic groups is an ideal match as we transfer into our subsequent chapter of development,” mentioned Dieux co-founder Charlotte Palermino in a media assertion. Because of the brand new appointment, Palermino has since transitioned to the function of Chief Model Officer.
Below Scott’s management, the model plans to scale operations whereas fostering group engagement and sustaining its sturdy emotional reference to shoppers.
Scott’s strategy emphasizes innovation as the first driver of product improvement, with industrial concerns as a complementary issue. “This strategy will assist us keep forward of traits, creating them reasonably than merely reacting to them,” Scott famous within the firm’s press announcement.
Co-founder Joyce de Lemos echoed Palermino’s pleasure for Scott’s appointment in the identical launch, highlighting the shared imaginative and prescient of mixing science and creativity to develop the model and introduce cutting-edge skincare options.
IFF appoints Michael DeVeau as Chief Monetary Officer: ‘We couldn’t be extra happy than naming Mike as our CFO,’ mentioned CEO Erik Fyrwald
IFF has introduced the appointment of Michael DeVeau as Govt Vice President and Chief Monetary Officer, efficient January 1, 2025. DeVeau, who has been with the corporate for 15 years, most not too long ago served as Senior Vice President of Company Finance and Investor Relations.
He succeeds Glenn Richter, the present CFO, who will retire on the finish of 2024.
CEO Erik Fyrwald expressed sturdy confidence in DeVeau in an organization press launch, saying, “We couldn’t be extra happy than naming Mike as our CFO.” Fyrwald highlighted DeVeau’s management and expertise, stating that he has been a pivotal chief throughout IFF’s international finance features.
The corporate confirmed that DeVeau’s appointment follows an intensive analysis course of, with Fyrwald noting his a long time of trade expertise and powerful relationships inside IFF and the funding group.
DeVeau shared his gratitude for the chance, stating, “I’m honored to imagine the CFO function and start the following chapter of my IFF profession.” In the identical media assertion, he acknowledged Richter’s vital contributions, thanking him for enhancing IFF’s steadiness sheet and positioning the corporate for monetary success.
DeVeau has held a number of senior roles all through his tenure at IFF, together with Divisional CFO for Scent and Chief Technique Officer. He beforehand labored at PepsiCo and started his profession as an fairness analysis analyst at Citigroup Funding Analysis. Based mostly in New York, DeVeau will stay a part of IFF’s Govt Management Staff.
ELC appoints Stéphane de La Faverie as President and CEO: ‘It’s an honor,’ mentioned de La Faverie
The Estée Lauder Firms Inc. (ELC) has introduced the appointment of Stéphane de La Faverie as its new President and CEO, efficient January 1, 2025. De La Faverie, a 13-year veteran of the corporate, will succeed Fabrizio Freda, retiring after over 16 years.
William P. Lauder will step down as Govt Chairman however stay Chair of the Board.
De La Faverie brings over 25 years of status magnificence expertise, having pushed development and innovation throughout main manufacturers like Jo Malone London, The Bizarre, and Le Labo. He additionally performed a pivotal function within the firm’s Revenue Restoration and Development Plan.
On his new function, de La Faverie remarked in a press assertion, “It’s an honor to advance this legacy of excellence and work alongside our unimaginable groups to form the wonder panorama of tomorrow.”
In the identical assertion, firm executives William P. Lauder and Fabrizio Freda praised de La Faverie’s imaginative and prescient, collaborative management, and strategic perception, emphasizing his skill to navigate challenges and place the corporate for sustainable development.
L’Oréal USA names Dave Kersey as Senior Vice President of Media: ‘Excited to help L’Oréal’s digital transformation,’ mentioned Kersey
L’Oréal USA has named Dave Kersey as Senior Vice President of Media within the US, reporting to Han Wen, Chief Digital & Advertising and marketing Officer. Kersey brings over 20 years of media and promoting experience from main roles at organizations equivalent to Disney and Intel and companies together with GSD&M, Dentsu, OMD Worldwide, and Horizon Media.
“We’re thrilled to welcome Dave, whose experience and keenness will undoubtedly help L’Oréal’s continued digital transformation,” mentioned Han Wen in a press release.
Kersey’s intensive expertise spans a number of industries, and he’s an lively member of key company councils, together with Magnite and LG Advert Options. The corporate’s press launch confirmed that he might be essential in advancing L’Oréal USA’s efforts to steer digital innovation and create partaking shopper experiences.
TRI-Okay names two Non-Govt Administrators to firm board to convey ‘much-needed exterior perspective’
TRI-Okay Industries, Inc. has appointed two new non-executive administrators to its Board as a part of its ongoing strategic repositioning: Fred Khoury, founder and President of Above Rinaldi Labs, and Kevin Gallagher, former chief of Croda Client Care.
CEO Rusmir Niksic expressed enthusiasm in regards to the appointments in a media assertion: “As we catalyze our efforts to assert TRI-Okay as a companion of alternative for uplifting and differentiating magnificence manufacturers around the globe, we anticipate Fred and Kevin to convey the much-needed exterior perspective.” Niksic added that their insights can be essential in refining TRI-Okay’s technique, significantly in innovation and portfolio diversification.
Khoury, who joined the Board, shared his pleasure in regards to the firm’s strategic shift. Within the firm’s press announcement, he defined that “this strategic shift displays a powerful dedication to innovation by embracing various views.”
Gallagher echoed the sentiment, emphasizing TRI-Okay’s dedication to sustainable innovation and its intention to help magnificence care formulators. He famous, “By listening with empathy, embracing scientific curiosity, and striving for excellence, we intention to empower them to beat challenges and create profitable, progressive shopper merchandise.”